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Stocks on the Move

Darden Restaurants (DRI)
23.51 +0.08: After the close yesterday, Darden reported same-restaurant sales results for March for its core Olive Garden and Red Lobster casual dining concepts, and for all of the talk surrounding a slowdown in the U.S. economy, it sure sounds like the business at each is holding up just fine.
April 4 12:35 PM PT

Tenet Healthcare (THC)
45.60 +1.60: This hospital operating company beat the Street today with Q3 EPS of $0.60, two cents better than consensus on $3.04 bln in revenues, up 6.5% from the comparable period last year despite a 0.3% decline in admissions. But here's the real beauty in the Q3 income statement -- for the nine months ending February 28, Tenet has grown EBITDA 14.4% (excluding one-time items in 2000) on revenue growth of only 4%.
April 4 11:16 AM PT

RSA Security (RSAS)
19 1/2 -3/16: Finding value in the tech sector is getting easier with each passing day... The problem is finding a stock that won't get cheaper by 50% one month (or one week) hence... To avoid this fate, Briefing.com recommends looking at those names with a proven track record of earnings growth...
April 4 10:46 AM PT

Sears (S)
33.59 +0.52: The broadline retailers have been under attack recently. Yesterday, Prudential cautioned investors that March sales are below plan due to weak consumer demand and cooler weather. The firm noted that department stores are getting hit more than the discounters.
April 4 8:59 AM PT

Precision Castparts (PCP)
31.98 -0.02: Two markets that offer insulation from the current economic downturn: 1) the defense sector, which is largely dependent on pre-determined government military budgets; 2) the alternative energy market that is seeing strong interest on the Street as a result of the energy crisis in California.
April 4 8:42 AM PT

Knight Trading (NITE)
11 5/8 -1 1/4: As goes the Nasdaq, so goes Knight Trading Group, a leading market maker in Nasdaq securities and the over-the-counter market. In a nutshell, that is the takeaway point when looking at a chart comparing the performance of NITE with the performance of the Nasdaq over the past year, and it is the takeaway point from NITE's Q1 earnings warning announced earlier this morning.
April 4 7:40 AM PT

Beazer Homes (BZH)
38.95: With so many companies warning these days, it's tempting to be all over a group that is guiding estimates higher. However, Briefing.com cautions investors they would be late to the party. The latest homebuilding stock to guide up is Beazer Homes, a designer of homes geared primarily to entry-level and first time move-up home buyers in the South and Southwest.
April 4 6:14 AM PT

Insider Inactivity
: With the "E" in P/E so uncertain these days, it is increasingly difficult to assess valuation levels for a stock using the P/E multiple as a benchmark. That realization, in fact, has been one of the more discomforting developments for the stock market and it is one of the key reasons why there has been no conviction behind interim buying efforts.
April 3 12:32 PM PT

Excelon (EXC)
68.51 +2.86: With consumers going nuclear over rising energy bills, energy companies are once again talking about going nuclear to meet the rising demand for energy... Actually, the energy companies aren't the only ones doing the talking... Vice President Cheney, Treasury Secretary O'Neill and Energy Secretary Abraham have recently endorsed expanding the use of nuclear power in order to achieve a "balanced approach" to meeting the country's energy demands...
April 3 11:19 AM PT

REITs
: Real Estate Investment Trusts (REITs) are not a sector to which we give much ink here at Briefing.com, but a note out of Lehman Bros coupled with our past bullishness on Spieker Properties (SPK) demands we address the sector today. Since we last wrote about SPK in Story Stocks, the issue has performed very well, outgaining the S&P 500 by over 45% since August 2000.
April 3 10:25 AM PT


About Briefing.com's Story Stocks: CNET Investor's "Stocks on the Move" are provided by Briefing.com. Briefing.com is the leading Internet provider of live market analysis for U.S. Stock, U.S. Bond and world FX market participants.